The global construction industry experienced an 8% drop in new job postings related to internet of things in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 49% increase versus Q1 2022. The growing application of Internet of Things will prove to have a transformative impact across multiple sectors. GlobalData’s Internet of Things (IoT) Market report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, Sales and Related Occupations jobs accounted for a 14% share of the global construction industry’s internet of things-related total new job postings in Q1 2023, down 8% over the prior quarter.
Sales and Related Occupations drive internet of things-related hiring activity
Sales and Related Occupations, with a share of 14%, emerged as the top internet of things-related job roles within the construction industry in Q1 2023, with new job postings drop by 8% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 13% in Q1 2023, with new job postings dropping by 7% over the previous quarter.
The other prominent internet of things roles include Management Occupations with a 10% share in Q1 2023, Installation, Maintenance, and Repair Occupations with a 7% share of new job postings.
Top five companies in construction industry accounted for 48% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were ADT, Vinci, Valmont Industries, CDM Smith, and Eaton. Together they accounted for a combined share of 48% of all internet of things-related new jobs in the construction industry.
ADT posted 962 internet of things-related new jobs in Q1 2023, Vinci 584 jobs, Valmont Industries 372 jobs, CDM Smith 285 jobs, and Eaton 285 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 62.58% share of total new job postings, Q1 2023
The largest share of internet of things-related new job postings in the construction industry in Q1 2023 was in the US with 62.58% followed by India (10.07%) and Germany (4.85%). The share represented by the US was four percentage points higher than the 58.97% share it accounted for in Q4 2022.
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